Nile seeks to redefine Network-as-a-Service, closes $175M funding

 Nile, a start-up based in San Jose, California, closed a $175 million Series C investment round, bringing its total funding to date to $300 million.Nile, which emerged from stealth mode less than a year ago, offers a network-as-a-service (NaaS) solution designed to deliver a more secure wired and wireless service through the ex Nile’s service incorporates Campus Zero Trust Network Access (ZTNA) principles by design, and automates network access...

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Tech Update: Rethinking Networking with Nile

What's the story with Nile? Is there room for another networking start-up? Pankaj Patel, CEO and co-Founder of Nile, discusses:Nile's mission to remove human dependency from the management of the network, similar to what cloud computing has done for storage and computing. Nile's goals to transform the traditional network, often associated with security risks, into a security force multiplier with zero-trust access that requires no manual network...

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Lumen takes $8.8 billion goodwill impairment charge

Lumen Technologies reported revenue $3.661 billion for the second quarter 2023, compared to $4.612 billion for the second quarter 2022. The company recorded a Net Loss of $(8.736) billion for the second quarter 2023, which included a non-cash goodwill impairment charge of $8.793 billion, compared to reported Net Income of $344 million for the second quarter 2022(revenue for the second quarter of 2022 includes $707 million of revenue from the Latin...

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Cisco acquires Code BGP

Cisco has acquired Code BGP, a privately held BGP monitoring company based in Greece. Financial terms were not disclosed.Code BGP was founded in 2021 by Fontas Dimitropoulos, Vasileios Kotronis and Lefteris Manassakis.BGP security remains a critical issue. The companies report that this year alone there have been 6,000 incidents of BGP hijacks, route leaks, and other issues across the many thousands of networks that make up the Internet. Cisco...

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Vodafone deploys Nokia’s 5G monetization software

Vodafone started deploying Nokia’s Converged Charging (NCC) software in multiple European countries, enabling rating and charging for 5G services.NCC operates as a containerized network function in a 5G standalone environment and allows Vodafone to tap new revenue streams from 5G services, including network slicing and flexible product offerings.Deployment spans several Vodafone markets in Europe, including the UK and Italy, and drives next generation...

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Cambium posts disappointing Q2, former CommScope exec named CEO

Cambium Networks reported Q2 evenues of $59.5 million, a decrease of 23% sequentially, and an increase of 14% year-over-year. There was a net loss of $2.6 million or $0.10 per diluted share, non-GAAP."Our second quarter results were disappointing as a result of lower demand for Enterprise products caused by lower order volumes from distributors and high channel inventories, and a challenging macroeconomic environment, especially in EMEA," said Atul...

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Cisco intros Automated Ransomware Recovery tool

Cisco is extending its ransomeware Extended Detection and Response (XDR) capabilities with a set of third-party integrations to include infrastructure and enterprise data backup and recovery vendors.A new integration with Cohesity enables Cisco XDR to automatically detect, snapshot, and restore business critical data at the very first signs of ransomware.During Q2 2023, the Cisco Talos Incident Response (IR) team responded to the highest number of...

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